Fantastic

Bars & Pubs · New York, NY

Business Summary

Fantastic is a lively wine bar located in 238 Sherman Avenue, New York, NY. Known for late-night menu and local beers on tap, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Residential neighborhood
Foot Traffic
Very High
Parking
Limited street parking
Transit Access
Good - bus routes and subway access nearby
Nearby Landmarks
office buildingssubway stationentertainment venueuniversity campus

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Liffy II Bar
0.48km
33/100
Weak
Medium
Pregame Dyckman
0.80km
63/100
Average
High
El Jefe Sport Cantina
0.80km
61/100
Average
High
Dyckman Bar
0.80km
73/100
Strong
High

Competitive Summary

Showing 4 of 4 competitors within 5km. There are 1 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$400K-$900K
Industry Margin10-15%
Entry Cost$150K-$350K

Market Analysis

Market Size$2.8B NYC drinking establishments market
TrendGrowing - NYC nightlife recovery post-pandemic
SeasonalityPeak: fall/winter; Slow: mid-summer

Consumer Trends

Demand for craft/artisanal drinksNon-alcoholic cocktail growthLocal/sustainable sourcing

SWOT Analysis

Strengths

Internal advantages

  • Experienced bar staff
  • Established brand in local community
  • Unique atmosphere and ambiance

Weaknesses

Areas for improvement

  • Dependency on weekend revenue
  • Rising ingredient costs
  • Intense local competition

Opportunities

External potential

  • Expand to private events and corporate bookings
  • Loyalty program implementation
  • Develop delivery/takeout cocktail kits

Threats

External risks

  • Shifting consumer preferences
  • Economic downturn impact on discretionary spending
  • Supply chain disruptions

Strategic Recommendations

Quick Wins

Implement this week

Launch Instagram presence with cocktail photography

Set up email list for event promotions

Growth Strategies

1-3 months

Create cocktail subscription boxes

Build partnerships with nearby hotels for guest referrals

Risks to Monitor

Ongoing vigilance

Monitor lease renewal terms closely

Diversify revenue streams beyond bar sales

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Bartender Marketplace

Platform connecting skilled bartenders with bars needing temporary or permanent staff in the NYC area.

2

Non-Alcoholic Cocktail Brand

Premium mocktail brand targeting health-conscious NYC consumers with bar-quality flavors.

3

Bar Analytics Platform

Data-driven insights for bar owners covering inventory, pricing optimization, and customer patterns.

Digital Score

58/ 100
Fair

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing - NYC nightlife recovery post-pandemic
Digital Score58/100

Contact Info

238 Sherman Avenue, New York, NY
Most popular

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